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Over 160 ticks up on the session

GILTS
  • Gilt is leading the charge higher, and decent volumes for the session, as well as in Italian BTP, and French OAT.
  • Not seen a new catalyst on this latest leg higher for the UK 10yr Future, but some momentum buying went through as it broke the initial resistance that was at 103.12 50.0% retracement of the Nov 24 - Dec 28 low.
  • Next resistance for the contract comes at 103.67 High Dec 19.

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